Gasoline prices averaged USD 2.10 per gallon in August, down 2.2% from July. On 29 August, the commodity traded at USD 1.97 per gallon, down 9.2% from 31 July.
The fall in the price of gasoline mirrored that of its main ingredient, crude oil. Another drag on prices came from higher supply: The output of U.S. refiners as a share of capacity averaged at the highest level since June 2018. Moreover, U.S. demand fell 2% year on year in the four weeks to 22 August.
This chart displays Gasoline (US$/gal) from 2023 to 2025.
RBOB Gasoline (prices in US$/gal, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBOB Gasoline | - | - | 2.72 | 2.20 | 2.37 | 2.57 | 2.26 | 2.00 | 2.10 | 2.11 | - | - |